Procurement Officer 04N25

The Procurement Officer plays a crucial role in managing a company's purchasing activities. They focus on obtaining the best products and services at the most competitive prices, ensuring that the company optimally utilizes its resources while maintaining excellent relationships with vendors and suppliers. A Procurement Officer should possess strong negotiation skills and an in-depth understanding of supply chain management to drive cost savings and enhance product quality. They also need to stay abreast of industry standards and trends, ensuring compliance and mitigating risks related to procurement and supply. This includes analyzing business needs, preparing purchase orders, and managing supplier databases. Additionally, the officer works closely with other departments to understand their equipment and service needs, aligning procurement strategies with organizational objectives.

Responsibilities

• Develop and implement procurement strategies to support business objectives efficiently.
• Analyze market trends to forecast inventory needs and manage supply chain activities.
• Negotiate contracts and agreements with suppliers to ensure cost-effectiveness.
• Collaborate with stakeholders to ensure clarity of specifications and expectations of the company.
• Evaluate vendor performance and resolve issues related to delivery, quality, or cost.
• Maintain and update a comprehensive database of suppliers, products, and pricing.
• Prepare and process purchase orders and documents in accordance with company policies.
• Monitor business trends and product availability to adjust procurement strategies accordingly.
• Ensure all purchasing activities comply with relevant legal and regulatory requirements.
• Assist in budget preparation and management to ensure procurement aligns with financial plans.
• Develop risk management processes for supply contracts and agreements.
• Track and report key functional metrics to reduce expenses and improve effectiveness.

Requirements

• Bachelor's degree in Supply Chain Management, Business Administration, or related field.
• Proven experience as a Procurement Officer or in a similar position within the industry.
• Strong negotiation, analytical, and decision-making skills are essential for this role.
• In-depth knowledge of sourcing and procurement techniques and strategies.
• Proficiency in using procurement software and Microsoft Office Suite, especially Excel.
• Excellent communication and interpersonal skills for effective stakeholder and supplier management.
• Strong organizational and time management skills with the ability to handle multiple tasks.